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Nov 29, 2012
11/12
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anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to explain when "the kudlow report" comes right back. >>> if everything on the fiscal side caves, what incentive is there for tax reform in 20 13? >> ups believes congress does need to move very quickly to get this done. >> there are going to be many moments when it seems like there's a deal and then there are people who fight the deal, which is why we have been featuring the notion of rising above. >> all sides could lose if an agreement isn't arrived upon. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all
anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to...
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Nov 25, 2012
11/12
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some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interest
some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting...
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Nov 27, 2012
11/12
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and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil: you think they will have an incredible deal by the end of the year? >>guest: i have told you before, i'm slightly optimistic. you cannot be more than that when it comes to negotiations. >>neil: since the ice cream bet you hedging because i think you know you got lucky and now you hedge a lot. you sound like a tv anchor. >>guest: i don't want do lose a bet but cut while i'm ahead and i am not irrationale. i don't think either the president or congress wants to become unpopular and congress now is at 18 percent again, do they want to go to system digits? i don't think so. >>neil: grover norquist was here and h
and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil:...
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Nov 22, 2012
11/12
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boehner, but not on taxes for the wealthy. the republicans already lost this fight pip hope speaker boehner takes this message to heart over this thanksgiving dinner. he grandstand by talking about obama care, or he can get down to the brass tacks and tell his party fanatic that they are going to have to budge on tax hikes. think about it over your turkey and stuffing, speaker boehner. and by the way, you can put some gravy on that, and you know the rest of the sentence. let's bring in congressman elijah cummings of maryland. he's with us tonight here on "the ed show." congressman, glad to have you with us. >> good to be with you, ed. >> we have gotten so many mixed messages about john boehner and what he's doing. where do you think he's coming from? all of a sudden he wants obama care on the table. >> i think that he's trying to muddy the waters with regard to these fiscal negotiations. clearly, the tea party lost in this election. no doubt about it. the people have spoken, and with regard to the affordable care act, ed, the
boehner, but not on taxes for the wealthy. the republicans already lost this fight pip hope speaker boehner takes this message to heart over this thanksgiving dinner. he grandstand by talking about obama care, or he can get down to the brass tacks and tell his party fanatic that they are going to have to budge on tax hikes. think about it over your turkey and stuffing, speaker boehner. and by the way, you can put some gravy on that, and you know the rest of the sentence. let's bring in...
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Nov 27, 2012
11/12
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everybody's talking about increasing the tax -- tax revenue on the rich. why aren't we talking about cutting the spending? how about, first of all, we start with a budget that harry reid under his leadership in the senate has not passed a budget in over three years. so to cut, you have to have a budget. and then let's start with the cuts that were promised to reagan and george h.w. bush that never came through. when they gave the tax increases and the cuts never came through. let's start there and let's go forward. >> amy kremer, thanks for coming on the program. >> thanks for having me. >>> more protests in egypt. hours before a huge rally against mohamed morsi. many had been camping out for the demonstration against the president who issued several decrees last week that gives him almost absolute power. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9
everybody's talking about increasing the tax -- tax revenue on the rich. why aren't we talking about cutting the spending? how about, first of all, we start with a budget that harry reid under his leadership in the senate has not passed a budget in over three years. so to cut, you have to have a budget. and then let's start with the cuts that were promised to reagan and george h.w. bush that never came through. when they gave the tax increases and the cuts never came through. let's start there...
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Nov 28, 2012
11/12
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is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is no alternative third way. >> i would agree with my hon. friend. is it a free press? absolutely vital for free democracy? we should recognize all the press has done and should continue to do to uncover wrongdoing, stand up to the powerful. whatever changes we make we want a robust and free press in our country. >> research by the charity save the children, reveals shockingly that in our country when seven children does not have a warm coat this win
is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree...
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Nov 29, 2012
11/12
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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Nov 27, 2012
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once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge on a technicality. if they wait for the rates to expire on their oath, then they don't have to vote for a rate increase. that really honoring the spirit of this commitment? >> i don't think it is. if that's what it takes to get people to reality, we've been waiting for many years for republican legislators to kind of recognize reality, and people thought, okay, the 2008 election. that will really sort of wake them up and think we have to compromise on issues of taxation. no it didn't. people thought maybe 2012 will do the trick. we see them edge from this. i think their minds
once all the taxes go up, everybody is in a position to vote for a tax cut. so the nature of this may be such that republicans feel compelled to wait until after taxes have risen so that they can actually vote for a tax cut, which will be some sort of compromise. i don't think we should dismiss grover norquist and the power of this pledge and the threat to run primary campaigns against people so quickly. >> what you're talking about there, though, it sounds like getting out of the pledge...
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Nov 26, 2012
11/12
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but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this republican line of crap. republicans lost this election. this was mitt romney's deal. and president obama said we have to have an balanced deal we're going to cut spending to the bone, but you have also got to get rid of those bush tax cuts for the wealthiest of americans, and put it back where it was under president clinton, the greatest economic growth in our lifetime. americans went with president obama's idea. it's now time for republicans to accept this is what the americans want. but instead this is more republican propaganda,
but not raising taxes. lindsay graham goes on to something else that he throws out here. >> i agree with we shouldn't raise rates, but i think grover is wrong. what do you do with the money? buy down debt and cut rates to create jobs but i will violate the pledge, long story short for the good of the country, only if democrat will do entitlement reform. >> bill: oh, peter you listen to what these people are saying that's why the media has it all wrong. they are falling for this...
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Nov 24, 2012
11/12
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many of you count on your income tax refunds to pay off this holiday debt. if we go over that cliff, taxes go up an average of 3,500 a household, that refund is going to be a lot smaller. you won't have that tax refund to pay for all the stuff you don't need right now. the encouraging news, you're not taking the warnings lightly. the national retail federation says about 2/3 of shoppers say the fiscal cliff will affect their holiday spending. that's good. you've gotten the message. and it looks like congress may be getting the message, too. a deal to avert the fiscal cliff is looking more likely. it is. but i've been disappointed by this congress before. millions of americans are counting on you, congress, to save their jobs and their financial futures. do it. we'll all be celebrating like scrooge on christmas morning.
many of you count on your income tax refunds to pay off this holiday debt. if we go over that cliff, taxes go up an average of 3,500 a household, that refund is going to be a lot smaller. you won't have that tax refund to pay for all the stuff you don't need right now. the encouraging news, you're not taking the warnings lightly. the national retail federation says about 2/3 of shoppers say the fiscal cliff will affect their holiday spending. that's good. you've gotten the message. and it looks...
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Nov 25, 2012
11/12
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats a saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know how
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 29, 2012
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it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea par party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a b
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
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Nov 26, 2012
11/12
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revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on them sometimes. >> she could conceivably get your vote. >> the emphasis has been extremely political probably because fox was operating as a wing of the political party. >> tom ricks, thank you for joining us. >> as far as young women are concerned, i can state my position on abortion. other than that leave the issue alone. >> 20 hail marys, 20 our fathers. ja let's get to our fanl. ana marie cox is a correspondent for "the guardian," and msnbc political analyst karen finney. karen, we just heard senator john mccain a moment ago in "top lines" saying, okay, from
revenues and raising tax rates. i get it. but do your constituents get it? >> isn't this where i'm supposed to confess my sins to my preacher. >> when you have four people dead, how do you call that hype? >> how many security contractors died in iraq. do you know? >> i don't. >> as u.n. ambassador, she has an obligation not just to be a puppet. >> when i see this focus on what was essentially a small fire fight, it's impossible to figure out what happens on...
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Nov 29, 2012
11/12
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we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he hasn't put medicare and social security, saving and preserving those entitlement programs on the table. i believe they have to be, because if we're going to preserve those for future generations, we need to do something meaningful on those. the problem is, erin, if we just do cuts in temporary spending, those can easily be undone. we know there's been a lot of promises made in exchange for tax increases and it never comes to pass when it comes to spending cuts. >> there was a "washington post" poll which said raise taxes on incomes over $250,000 a year, 60% support it. wh
we cannot tax our way back to budget surpluses and economic prosperity. without major spending cuts and entitlement reform, we will continue running huge deficits regardless of what we do on the revenue side. for every dollar of revenue you give him, he'll give you $2.50 of spending cuts. if he gave you that on spending cuts, it would be $850 billon a year would you do that? >> the president has said a lot of things, but what counts is what he's willing to put on the table and so far, he...
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Nov 21, 2012
11/12
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no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to get tax reform down the road. >> i have talked to staff and remembers and they don't need to hear it from me, they know that lower marginal tax rates are necessary for growth and the only way to get the revenue to pay down obama's debt. >> help me out, in effect, is the plan to put a cap on deductions, does his plan break the americans for tax reform no-tax pledge? >> to be clear. john boehner has not said that. he says he is for revenues from growth. i'm for that. that is a tax increase that is what obama wants and it does affect the margin because they are going to attack certain income group
no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to...
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Nov 26, 2012
11/12
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between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have accumulated on your balance sheet or, if you are the government you want to figure out how to impact the spending you have at the federal level as well. americans are looking for clarity, so they can make the decisions, and, in terms of purchasing short-term christmas gifts for the next selling season or whether, again, if you are a ceo and trying to think of investing in a plant or hiring new people -- >> if i may, sir, specifically, if you have a stock and you see your capital gains, if you sell the stock, could go from 15% to 24%, at the -- on january 1st, are some people cashing out now? >> well, wh
between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have...
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Nov 29, 2012
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Nov 29, 2012
11/12
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to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't really get it. the hole is not as big as he says it is. we're not going into the hole with a trillion dollar deficit every year, because we're going to grow every year and collect more revenue. and we also see some of these stimulus programs narrowing down a little bit so the hole's not that big and there seems to be more common ground that the senator admits. >> we hope you're right. >> in previous negotiations, it's been put forward but everyone's got to push forward. >> it's easy to race taxes on one group, at of people agree with that, but the bottom line is those entitlement cuts are going to be a lot mor
to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don't know the difference between talking about stuff and putting it on the table. it seems like senator cornyn sees some difference there. i don't...
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Nov 21, 2012
11/12
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sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know, that's not saying a lot sometimes because this whole debate around the budget has been like losing the football for awhile. but i actually think that you're seeing republicans moving in a way that they obviously didn't do, and you're seeing an understanding -- what i think is really important is there are a lot of people like bill crystal coming forward, governors are trying to make a play here. they represent whole states as well. so i think you're seeing a kind of break in this impass or fever that we haven't seen in the past. as you said, there's reasonable common ground to make i
sales taxes are up. most americans are paying more in taxes than ever before. at the same time wealthy americans are paying less than ever before. this is an appropriate move. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know,...
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Nov 28, 2012
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and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire people. they may likely buy another kind of rig or a toy or something like that. i don't know. but all i know is one thing, you can't cut -- you can't cut spending away out of this hole, you can't tax your way out of this hole and you can't grow your way out of this hole. you have to have everything. have to have it. >> well, grover norquist was at a political playbook breakfast with mike allen, we'll talk to mike in a few moments, here's norquist talking about what he calls impure thoughts. i think that has something to do wit
and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire...
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Nov 27, 2012
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they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say, guys, we have 98% of the public i want to give tax cuts to right now, we can keep arguing about the top 2 but do this right now for the 98%. how come you're not with me on this? that's i think is a card for him to play heavy and gives him an advantage over the spending cuts and debt ceiling issues that will come up. >> justin, let's talk a little bit about the effects of a tax cut for high-income earners on the economy. there is this supposition, in fact i would call it bedrock republican philosophy economically speaking if you cut rates for top ea
they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say,...
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Nov 29, 2012
11/12
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the president's idea is raising taxes on income over a quarter million dollars but keeping the bush tax cuts for everybody else. that idea is very popular. 60% support. it is a very popular plan that the president is trying to drum up even more support for now with these campaign style trips. now, on the other side, what the republicans want to do, their plan is to limit deductions, limit tax deductions. that's their plan instead. that, in contrast to the president's proposal, is not popular. more people oppose that idea than support that idea. even republicans hate the republican idea. look at 39% of republicans support the republican proposal. that's before you get to the other part of the republican proposal, something being floated by republican senator bob corker of tennessee, an idea we should raise the eligibility age for medicare. that is a wildly unpopular idea. more people oppose than support that idea by a 37% margin. it is more unpopular among republicans than the general public. republicans have not convinced their own voters let alone the rest of the country. they have not
the president's idea is raising taxes on income over a quarter million dollars but keeping the bush tax cuts for everybody else. that idea is very popular. 60% support. it is a very popular plan that the president is trying to drum up even more support for now with these campaign style trips. now, on the other side, what the republicans want to do, their plan is to limit deductions, limit tax deductions. that's their plan instead. that, in contrast to the president's proposal, is not popular....
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Nov 24, 2012
11/12
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FBC
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there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise tes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attention. gerri: it is interesting because if you look at the reven raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so we're back on track for what should be ample revenues. >> if you go back to 2007 bef
there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about...
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Nov 28, 2012
11/12
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letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a look just ahead. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. >>> after a trio of skeptical republican senators voiced their troubles with u.n. ambassador susan rice's answers yesterday another top gop lawmaker senator susan collins went there today. >> what troubles me so much is the benghazi attack in many ways echos the attacks on those embassies in 1998 when susan rice was head of the african region for our state department. >> we discuss the late
letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a...
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Nov 27, 2012
11/12
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CNBC
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the tax there would be $114 million before december 31st. if you wait until january 31st and we go off the cliff, that tax goes up to$130 million. you save $16 million by paying now. the winner should also make a gift. couples now can make a gift of up to $10 million tax free. next year that changes to only $2 million, and the tax rate on gifts also goes up. most important advice, a cooling off period. advisers say you should put the check in the bank and ignore it for three to six months. use that time to get your financial bearings and maybe create a real financial plan. and the plan is critical. you should hire a financial adviser and figure out your spending goals. michelle, $327 million sounds like a lot. once you buy a yacht and a g-650, pretty soon you're done. once you have a real income plan, you create a portfolio to meet those needs. it's probably going to be a mix of stocks, bonds, and alternatives. again, do it all before december 31st. along with the fiscal cliff, the stock cliff and of course the mansion cliff we now have the
the tax there would be $114 million before december 31st. if you wait until january 31st and we go off the cliff, that tax goes up to$130 million. you save $16 million by paying now. the winner should also make a gift. couples now can make a gift of up to $10 million tax free. next year that changes to only $2 million, and the tax rate on gifts also goes up. most important advice, a cooling off period. advisers say you should put the check in the bank and ignore it for three to six months. use...
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Nov 29, 2012
11/12
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the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president obama. it will be the first encounter since the final presidential debate in october. the meeting fulfills an election night promise by the president to work with romney going forward. that doesn't mean the former massachusetts governor will become a regular. >> is governor romney here tomorrow in some kind of cabinet level position? >> no. >> beyond that, is there some kind of reorganization in the commerce department where governor romney could play a role? >> again, there is -- the president doesn't have a specific assignment in mind for the g
the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president...
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Nov 28, 2012
11/12
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by entities real-estate taxes and income taxes? you are buying into that? sandra: i have to believe in it. property taxes are very high but illinois is better off than a lot of the other 11 states mentioned in this forum to write a. there are 105 acres in illinois for every 100 givers and as many other states that are far worse off, where are you going to go? i choose to believe in my own state. texas is far better off. what you going to do in texas? work in the oil industry? you have proximity to your job. stuart: i couldn't do this show from texas. sandra: i am not willing to give up that quickly. stuart: get your views later. we will hear from you later. charles: whatever steve said. stuart: a moment ago with you heard my take on the california so-called come back, now we are going to hear from california's own mike reagan from reagan.com. welcome back. headline in the new york times you know what i'm talking about. california finds economic gloom starting to lift and the premise of their argument is those tax increases will produce a budget surplus in c
by entities real-estate taxes and income taxes? you are buying into that? sandra: i have to believe in it. property taxes are very high but illinois is better off than a lot of the other 11 states mentioned in this forum to write a. there are 105 acres in illinois for every 100 givers and as many other states that are far worse off, where are you going to go? i choose to believe in my own state. texas is far better off. what you going to do in texas? work in the oil industry? you have proximity...
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Nov 26, 2012
11/12
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the atm tax is going to get a patch. we know we're going to see benefits given to our -- unemployment benefits given and veteran benefits gimp. it seems like this year we have a nice new fun name. i know you hate it steesh, but the fiscal cliff. we put that scary name on it as if that's going to motivate our elected officials. all i see is a press release them saying they're going to fight for us and until the end of the day they're not going to do anything until we see a nice countdown clock. >> as per zblushl but the republicans need that clock more than the democrats do, don't they? >> they do. the fact is we need to find a path way to yes and i think the sooner we do it the better it is politically to move off. >> yeah. no. i mean i was just going to say, republicans -- the problem here for republicans is they're trying to get off this 22-year rae fusal to raise taxes, and think to cut any kind of a deal, they almost -- even if the deal -- the parameters are in place they have to go to the very edge. we held out as l
the atm tax is going to get a patch. we know we're going to see benefits given to our -- unemployment benefits given and veteran benefits gimp. it seems like this year we have a nice new fun name. i know you hate it steesh, but the fiscal cliff. we put that scary name on it as if that's going to motivate our elected officials. all i see is a press release them saying they're going to fight for us and until the end of the day they're not going to do anything until we see a nice countdown clock....
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Nov 28, 2012
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no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what republicans do not understand about hispanic voters and why that means democrats will keep winning. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with
no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what...
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Nov 27, 2012
11/12
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for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>> consumer confidence is at its highest level in almost 5 years boosted by a steady improvement in hiring but wall street isn't too impressed by the numbers as stocks are down for the day. you can see right now, the dow is down 58. >>> even though we're in the middle of the holiday shopping season, retailers are still hiring. but analysts say it's a good sign. it shows stronger consumer confidence, which retailers hope translates into increased holiday spending. more than 300,000 retail jobs were posted in october alone. >>> and 'tis the season for theft. livermore police are warning
for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>>...
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Nov 28, 2012
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no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what republicans do not understand about hispanic voters and why that means democrats will keep winning. >>> is america ready for bush 3.0? not tonight, but will 51% of american voters be ready for bush 3.0 in 2016? what jeb bush is doing this week to get them ready, that's coming up. and republicans can continue the attacks on susan rice. one senate seat. that's next. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium deli
no, tax all their income. so they've signalled even worse options than just voting for the big tax cut they're going to get to vote for on january 3rd. >> thank you both for joining me. >> thank you. >>> coming up, is america ready for bush 3.0? and the politics of attacking susan rice. why senators might be interested in preventing her being nominated as secretary of state. could the massachusetts senate seat have anything to do with it? and in the rewrite, what...
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Nov 26, 2012
11/12
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CNNW
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the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alon
the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how...
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Nov 21, 2012
11/12
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if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands on the video of a fire tornado. the man explains why, he won't give it up coming up. >>> you may have seen this stunning of a fire nado by independent videographer. this also caught the eye of pal al gore and protector of the planet and his office has been putting to license on the footage to put their baseless global warming agenda on the rest of us. sean recently sat down the man in question and not so fast to the vice president. >> joining us is chris, welcome to hannity. thanks for being here. >> thank you very much. >> sean: let's take a look and we'll show this fire tornado and while we're showi
if you raise the top two tax brackets you are only getting $85 billion in additional revenue annually. that only takes care the debt for ten days. it will service the federal government for 21 days. so this is gimmick. we need to be able to articulate that. we need to listen to the federation of independent businesses that we protect them so we can production and manufacturing once again and economic growth. >> alan west, i sure appreciate it. next, why does al gore want to get his hands...